CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2017	Aug. 31, 2016
Current Assets:
Cash and cash equivalents	$ 54,130	$ 73,411
Accounts receivable, less allowance for doubtful accounts of $683 and $830	35,262	34,835
Inventory	28,266	25,814
Prepaid expenses and other current assets	3,203	3,728
Due from sale of business	229	457
Assets held for sale	14	604
Total current assets	121,104	138,849
Property, plant and equipment, less accumulated depreciation of $42,999 and $41,409	34,885	36,742
Other Assets:
Goodwill	50,688	43,576
Intangible assets, less accumulated amortization of $39,795 and $33,352	49,138	36,580
Cash surrender value of life insurance, less current portion	4,529	4,530
Restricted investments	1,949	1,637
Funded pension plan	445	382
Deferred income taxes	426	441
Other assets	551	82
Total assets	263,715	262,819
Current Liabilities:
Current portion of long-term debt		43,400
Accounts payable	13,280	12,352
Accrued payroll and other compensation	3,690	6,553
Accrued expenses	3,643	3,892
Accrued income taxes	3,723	2,317
Total current liabilities	24,336	68,514
Long-term debt, less current portion	20,000
Deferred compensation	1,963	1,649
Accumulated pension obligation	15,817	15,563
Other liabilities	1,194	328
Accrued income taxes	1,163	1,229
Deferred income taxes	1,447	1,447
Commitments and Contingencies (Note 10)
Equity:
First Serial Preferred Stock, $1.00 par value: Authorized 100,000 shares; none issued
Common stock, $.10 par value: Authorized 20,000,000 shares; 9,364,250 shares at May 31, 2017 and 9,278,486 shares at August 31, 2016 issued and outstanding	936	928
Additional paid-in capital	14,451	14,719
Accumulated other comprehensive loss	(15,582)	(15,479)
Retained earnings	197,990	173,921
Total equity	197,795	174,089
Total liabilities and equity	$ 263,715	$ 262,819

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.